(Nairobi) – Lazarus Muema has officially been appointed as the new Chairman of Family Bank’s Board of Directors, following regulatory approval. He takes over from the late Francis Mungai, who passed away shortly after his appointment to the position.
Muema has been with Family Bank since 2017, serving as a Non-Executive Director. Over the years, he has led several key committees at the bank, including the Strategy, Audit, and Risk Committees, contributing to the development of the bank’s governance and strategic direction.
Muema holds a Bachelor of Commerce degree in accounting from the University of Nairobi and is a Certified Public Accountant (CPA(K)). He has extensive experience in both the finance and pension sectors, being the founder of Penplan Services Limited, a pension consulting firm. Additionally, Muema holds leadership roles at various other companies, including Riscura Solutions (Kenya) Limited, NBCI Limited, and Kenya Orient Insurance Limited, showcasing his broad expertise in business management and financial services.
His appointment as Chairman is expected to bring continuity to the leadership of Family Bank and further strengthen its strategic direction in the competitive banking sector.
| Key Details | Information |
|---|---|
| New Chairman | Lazarus Muema |
| Previous Chairman | The late Francis Mungai |
| Regulatory Approval | Granted |
| Date of Appointment | November 7, 2024 |
| Muema’s Role at Family Bank | Non-Executive Director since 2017 |
| Academic Qualification | Bachelor of Commerce in Accounting |
| Professional Qualification | Certified Public Accountant (CPA(K)) |
| Other Leadership Roles | Founder of Penplan Services Limited, Leadership at Riscura Solutions, NBCI Limited, Kenya Orient Insurance Limited |